JPMorgan Chase & Co. Buys 159,278 Shares of Wabash National Co. (NYSE:WNC)

JPMorgan Chase & Co. grew its stake in shares of Wabash National Co. (NYSE:WNC - Free Report) by 163.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 256,471 shares of the company's stock after buying an additional 159,278 shares during the period. JPMorgan Chase & Co. owned 0.59% of Wabash National worth $4,393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Inspire Investing LLC grew its holdings in Wabash National by 8.7% during the 4th quarter. Inspire Investing LLC now owns 23,313 shares of the company's stock valued at $399,000 after buying an additional 1,860 shares in the last quarter. Principal Financial Group Inc. increased its position in Wabash National by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 210,137 shares of the company's stock worth $3,600,000 after purchasing an additional 2,704 shares during the last quarter. EMC Capital Management grew its stake in shares of Wabash National by 88.1% in the 4th quarter. EMC Capital Management now owns 8,250 shares of the company's stock worth $141,000 after buying an additional 3,864 shares in the last quarter. Exchange Traded Concepts LLC raised its position in shares of Wabash National by 6.1% during the 4th quarter. Exchange Traded Concepts LLC now owns 71,206 shares of the company's stock valued at $1,220,000 after buying an additional 4,064 shares in the last quarter. Finally, LPL Financial LLC raised its position in Wabash National by 26.6% during the fourth quarter. LPL Financial LLC now owns 24,688 shares of the company's stock valued at $423,000 after purchasing an additional 5,191 shares during the period. 97.05% of the stock is owned by hedge funds and other institutional investors.

Wabash National Trading Up 1.6 %

Shares of NYSE WNC traded up $0.16 during midday trading on Thursday, hitting $10.27. The company's stock had a trading volume of 58,841 shares, compared to its average volume of 753,697. Wabash National Co. has a 12-month low of $9.00 and a 12-month high of $25.74. The company has a current ratio of 1.93, a quick ratio of 1.09 and a debt-to-equity ratio of 2.10. The firm has a market cap of $434.29 million, a P/E ratio of -1.57 and a beta of 1.49. The business's 50 day moving average is $10.95 and its two-hundred day moving average is $15.24.

Wabash National (NYSE:WNC - Get Free Report) last issued its earnings results on Wednesday, January 29th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.04). Wabash National had a negative net margin of 14.59% and a positive return on equity of 14.72%. During the same quarter in the previous year, the business earned $1.07 EPS. As a group, equities research analysts expect that Wabash National Co. will post 0.94 EPS for the current year.

Wabash National Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend is Thursday, April 3rd. Wabash National's dividend payout ratio (DPR) is presently -4.91%.

Wall Street Analyst Weigh In

Separately, DA Davidson lowered their target price on shares of Wabash National from $18.00 to $14.00 and set a "neutral" rating for the company in a report on Monday, February 24th.

About Wabash National

Wabash National Corporation provides connected solutions for the transportation, logistics, and distribution industries primarily in the United States. The company operates through two segments, Transportation Solutions and Parts & Services. The Transportation Solutions segment designs and manufactures transportation-related equipment and products dry and refrigerated van trailers, platform trailers, tank trailers, and truck-mounted tanks; truck bodies for dry-freight transportation; cargo and cargo XL bodies for commercial applications; refrigerated truck bodies; platform truck bodies; and used trailers, as well as laminated hardwood oak flooring products.